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IT spending in India 2013-2021, by segment

In 2020, the spending in the information technology sector across India was estimated to be less that 80 billion U.S. dollars. The decline in spending compared to 2019 was due to the impact of the coronavirus (COVID-19) pandemic.
The IT-BPM industry contributed about eight percent to the GDP of the nation. The industry also generated a revenue close to 180 billion dollars in 2019. Communication services and the devices have been the dominant segments of the IT industry. The IT and ITeS firms of the country have set up over a thousand global delivery centers in about 80 countries globally.

IT-BPM at a glance

The industry has generated maximum employment in the private sector. It also made the country, the leading offshoring destination for global IT companies. Major IT firms in the country like Infosys, Wipro, TCS and Tech Mahindra have diversified options available in blockchain, artificial intelligence, robotics, financial services, cloud computing and much more. Banking and financial services had the largest share of annual contract value in the industry.

Recent trends

Public cloud services have picked up a lot of attention in the recent years in the country. The market for cloud services was value at over a billion dollars in 2016. The market was expected to grow even further in the coming years. Emerging technologies in the sector could provide the nation with an opportunity to surf for a big growth, both in onshore as well as offshore services revenues.

IT spending in India from 2013 to 2019, with a forecast until 2021, by segment

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Sources

Release date

June 2020

Region

India

Survey time period

2013 to 2019

Supplementary notes

Note: Data from previous reports has also been used.
Values have been rounded.

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Statistics on "IT industry in India"

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